Trade Signal: ETH/USDT — Consolidation Phase, Consider Taking Partial Profits
Exchange: Binance
Current Price: ~$4,356
Intraday Range: High ~$4,356 | Low ~$4,174
Signal Type: Spot – Buy (Hold) / Partial Sell
Entry Zone (for newcomers): $4,300 – $4,320 (bullish zone)
Profit-Taking Thresholds:
TP1: $4,400
TP2: $4,500 (psychological resistance)
Stop Loss: $4,200 (below recent support)
Rationale / Technical Outlook:
Ethereum continues strong, with institutional interest rising. U.S. ETFs have seen over $1B in daily net inflows, signaling substantial institutional demand.
Whales and public companies increasing exposure — suggesting potential for further gains.
Risk-Reward Estimate: ~1 : 1.7 (stop ~$156 vs TP2 ~$144)
Confidence Level: ⭐⭐⭐ (moderately high), backed by inflow trends and price momentum.